📺 Stream EntrepreneurTV for Free 📺

FAA Predicts More Than 7 Million Drones Will Be in the Sky by 2020 Most will be used for industrial inspection and real estate photography, it expects.

By Lindsay Friedman

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

It's turning into a drone's world out there.

As it becomes more common to see the technology in flight overhead, it's no surprise the FAA reported there's more than 2.5 million of the machines in action on a regular basis. However, what was unexpected in the agency's recent report was the estimated number of drones in the skies by 2020: 7 million.

Right now, the majority of drones belong to hobbyists, some 1.5 million, while about 500,000 are for commercial use. All drones must be registered to the FAA before liftoff. So far, some 400,000 have been registered.

In its predictions for the next 20 years, the government entity admitted it's difficult to exactly determine what the future for drones, or "unmanned aerial systems," might look like and what its impact might be as the industry continues to rapidly evolve.

Related: Food Ordering App Tests Drone Delivery in Singapore

However, that doesn't mean the FAA's not going to give it the old college try. In the report, it says 42 percent of commercial drones will be in industrial inspection, 22 percent will be used in real estate or aerial photography, 19 percent will be in agriculture, 15 percent in insurance and the government will be responsible for 2 percent.

Of course, other projections from various other groups may disagree. For example, in an independent study, the Center for the Study of the Drone's reported photography and real estate would be the biggest source of drone usage.

Still, no one's denying the increase in drones taking flight overhead over the next decade or two.

In fact, multiple companies have begun incorporating the technology into their businesses, including Amazon and Walmart. The average joe can also get in on the action, too, as stores continue to pop up across the country, including one in New York City.

Related: Shops Are Opening Across the U.S. to Help You Get a Drone of Your Own

Needless to say, it'll be interesting to see how regulators like the FAA keep up. For everyone's sake, lets hope it involves a little more work than the most recent report implies.

"The FAA will continue to work with industry and stakeholders to safely integrate UAS into the [national air space]," the report says.

Congress is currently debating the matter, so there could be hope … right?

Lindsay Friedman

Staff writer. Frequently covers franchise news and food trends.

Lindsay Friedman is a staff writer at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Culture

Want to Improve Your Productivity? These 7 Types of Music Will Help You Focus

Listening to the right music can help you concentrate when you're on a deadline, studying for an exam or just trying to increase productivity.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Leadership

You Might Think You're a Great Leader — But Do Your Employees Agree? Here's How to Harness Empathy to Drive Team Success

True empathy is the mixture of unfiltered honesty with a deep understanding of an individual's narrative.

Growing a Business

If You Aren't Betting on the Media Industry, You Are Losing a Competitive Edge — Here's Why.

Building or acquiring media assets is an increasingly popular strategy adopted by creative entrepreneurs and startups looking to leverage the industry's unique characteristics.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Resumes & Interviewing

6 Traits to Look For in Your Next Boss

These are the characteristics you need to look for to find a manager who understands they're in service to their teams — not the other way around.